MBA Employment Report 2016-2017 - MIT Sloanmitsloan.mit.edu/uploadedFilesV9/Career_Development_Office/Media/... · MBA Employment Report 2016-2017. 2 ... AES Corporation, The

MIT SLOAN MBA 2016-2017 EMPLOYMENT REPORT | 1

MBA Employment Report 2016-2017

2 | MIT SLOAN MBA 2016-2017 EMPLOYMENT REPORT

EMPLOYERS HIRING MEMBERS OF THE 2016 & 2017 CLASS 3M A.T. Kearney AbbVie Accion International Acciona Energy Acceron a-connect (US) Adobe Systems Advent International AeroFarms AES Corporation, The African Leadership University, The AIF Capital Limited Akre Capital Management Algorithmia AlixPartners Allen & Company Amazon* Ambri American Express Company American Industrial Partners* American Tower Amgen* Analogic Corporation Analysis Group Anheuser-Busch InBev Apple Arauco Arraystorm India athenahealth Autodesk Foundation AutoGrid Systems B12 Bain & Company Bank of America Merrill Lynch Barclays Barkly Bayer Bayer Business Consulting BBVA Compass BDO USA Beacon Communities Bessemer Venture Partners Biogen Black Duck Software Blippar Bloom Energy Blue Apron Bluesmart BMO Capital Markets Boeing* BoldIQ Boomerang Commerce Booz Allen Hamilton Boston Consulting Group, The Boston Scientific* BRF Bridgespan Group, The Brookside Equity Partners Building Robotics Catalant Technologies Caterpillar* Cell Signaling Technology ChinaRock Capital Management Cisco Systems Citi CityBldr City of Boston—Mayor’s Office of New Urban Mechanics City of Fortaleza co:collective CollectedMed Congress for New Urbanism Cornerstone Research Cowen & Company Credit Suisse

Cue Ball Group, The Curaspan Health Group CVS Health Cybereason Cyclotron Road Dalberg Global Development Advisors Danaher Corporation* Daniel J. Edelman Davidson Kempner Capital Management Dell* Deloitte (Monitor) Deloitte Consulting Dimensional Fund Advisors Discovery Communications dot Learn Ecolab Eden Capital Partners EF Education First EMC Corporation Emerald Encourage Capital Eventbrite Eventide Asset Management Evercore Partners EY Facebook Falabella Fenix International Fidelity Investments Fidelity Investments—Fidelity Labs Fiksu First Fuel Software FJ Labs Flextronics* Fluent Flybridge Capital Partners Foundation Medicine Founder Collective Fox Entertainment Group Freshly G.O.O.D. Music Management Gap, Inc. GE Ventures Genentech General Motors Gilead Sciences Goldman Sachs Group Google GP Investments North America HarbourVest Partners Harry’s Hasbro H-E-B Grocery HelloFresh Hewlett-Packard HODINKEE Hospitality Quotient Hubspot Humon IBM IDEO IfOnly IKON Venture Capital Infinite Analytics Insikt Intel Corporation IFC - World Bank Group IMS Health, Amundsen Group, The Iora Health itBit IX Capital Partners John Hancock Financial Services Johnson & Johnson* JPMorgan Chase & Co.

JMC Capital Partners JumpYield Kalaari Capital Kapor Capital Kensho Technologies Keurig Green Mountain KIMC (U.S.) Kinea Investimentos Kinsa Health Kraft Sports Group, The L.E.K. Consulting Lab126 Latin American Partners (LAP) Lateral Investment Management Lincoln Center for the Performing Arts Lippincott Logitech Luxottica Group, The LYFE Capital Malin Mapbox Massachusetts Clean Energy Center MassVentures MasterCard Worldwide MathWorks, The McKinsey & Company Medtronic MFS Investment Management Microsoft Corporation Morgan Stanley Motivate Motus Movile Mubadala Development Company MUUS Asset Management Nasdaq National Assembly of Venezuela National Hockey League NESTLE USA Netra Systems New Balance Athletic Shoe New Valence Robotics Corporation New York Times, The NextEra Energy Nike* Nimbus Therapeutics Okta Omada Health Omidyar Network One Acre Fund OpenX PA Consulting Group Pacific Gas & Electric (PG&E)* Pacific Marine & Supply Parthenon-EY PayPal Philips Phoenix Suns PillPack PIMCO Polaris Capital Management Porter & Sail Portugal Ventures PowerGen Renewable Energy PreVeil Procter & Gamble Purdue Pharma PureTech Health PwC PwC Strategy& Quantcast Quona Capital Rakuten Raytheon* Redwood Investments

Renovate America Restaurant Brands International Rialto Capital Management River Hollow Partners Rue La La Salesforce.com Samsung Electronics America Samsung Global Strategy Group Samsung Strategy & Innovation Center Sanofi Genzyme* Schneider Electric Simon-Kucher and Partners Sistine Solar Skanska USA Slack Corporation Snapchat Sodimac Splash Solid GT SpaceX Square State Street Global Advisors StellarEmploy Sumo Logic Taboola TD Bank Tencent Tesla Motors Thai Airways Thermo Fisher Scientific Third Sector Capital Partners Trident Capital TripAdvisor Trustbridge Partners Tulip Interfaces Uber Technologies Ubuntu Capital United Nations United Technologies— Pratt & Whitney* Vitriflex VMware Walmart Walt Disney Company, The Wayfair WeWork White House, The WhiteWave Foods William Blair & Company WeWork Zola

Red = Employers hiring three or more MIT Sloan MBA students for full-time and/or summer positions. *LGO Partner during 2015-2016 academic year.


MBA CLASS OF 2016 FULL-TIME EMPLOYMENT DATA

3 Full-time employment statistics based on job acceptances. 97.6% of reported

acceptances included usable salary information.

EMPLOYMENT PROFILE2 NUMBER %

Seeking Employment 319 81.2

Not Seeking Employment 71 18.1

Sponsored & Returning to Company 39 9.9

Starting Own Business 24 6.1

Other Reason(s) for Not Seeking 0 0

Postponing Job Search 7 1.8

Continuing Education 1 0.3

No Information Available 3 0.8

Total 393 100

EMPLOYMENT OVERVIEW3

Median Base Salary $125,000

Range of Base Salary $40,000 - $200,000

CLASS PROFILE1

Number of Candidates 406

U.S. Citizens 60%

Non-U.S. Citizens 40%

Women 39%

Median GMAT Score 713

Average Undergraduate GPA (out of 4.0) 3.6

Average Age at Entry to MIT Sloan 28

Average Years Full-Time Work Experience

Prior to MIT Sloan

5

TOP HIRERS OF MBA CLASS OF 2016

McKinsey & Company (26) Microsoft Corporation (8)

Amazon (23) Deloitte Consulting (6)

Bain & Company (17) Bank of America Merrill Lynch (5)

Boston Consulting Group, The (14) L.E.K. Consulting (5)

Google (9)

1 Class profile (as of matriculation) includes information for MBA students and students in the

joint MBA/Leaders for Global Operations program.

2 All information based on data reported by students.


1 Manufacturing: Other includes Manufacturing, Telecommunications, and Transportation/Equipment/Defense.

CLASS OF 2016

INDUSTRY % MEDIAN MEAN LOW HIGH

SERVICE INDUSTRIES 76.2 $125,000 $126,841 $50,000 $175,000

Consulting 30.5 $144,000 $137,935 $85,000 $170,000

Software/Internet 23.9 $120,000 $119,572 $72,000 $165,000

Investment Banking/Brokerage 4.7 $125,000 $125,000 $100,000 $150,000

Retail 4.4 $115,000 $107,385 $50,000 $120,000

Private Equity/Venture Capital 3.7 $120,000 $113,364 $60,000 $165,000

Investment Management 3.3 $125,000 $126,667 $100,000 $150,000

Diversified Financial Services 3.0 $115,000 $110,357 $80,000 $125,000

Media/Entertainment 2.7 $121,375 $118,469 $70,000 $175,000

MANUFACTURING INDUSTRIES 21.7 $120,000 $120,696 $70,000 $200,000

Pharmaceutical/Healthcare 5.8 $120,000 $120,964 $100,000 $139,000

Computers/Electronics 5.1 $130,000 $126,421 $96,500 $151,000

Consumer Products 3.3 $115,000 $114,459 $90,000 $130,000

Automotive/Aerospace 2.7 $120,000 $121,932 $115,000 $131,456

Oil/Energy 2.4 $110,000 $109,286 $70,000 $130,000

Manufacturing: Other1 2.4 $120,000 $126,802 $82,260 $200,000

NONPROFIT 0.7 -2 - - -

OTHER 1.4 $119,000 $117,750 $83,000 $150,000

2015 2016

Consulting

Technology3

Pharmaceutical/Healthcare

Consulting

Technology

Investment Banking

30.5 29.3

3 Tech includes Software/Internet, Computers/Electronics, and Telecommunications.

5.8

32.1 30.7

6.1

Consulting

Technology

Retail4

33.9

26.1

8.4

2014

4 The re-categorization of employers in 2014 is reflected in the shift in Retail and Technology percentages.

The next highest industry in 2014 was Investment Banking at 6.8%.

2 Dash indicates fewer than three people or less than 1% reported salary information.


1 Finance: Other includes Corporate Finance, Finance Operations, Treasury and M&A.

2 Dash indicates fewer than three people or less than 1% reported salary information.

CLASS OF 2016

FUNCTION % MEDIAN LOW HIGH MEAN

Consulting/Strategic Planning 33.7 $141,600 $80,000 $170,000 $135,779

Finance 15.8 $125,000 $60,000 $165,000 $118,957

Investment Banking 4.8 $125,000 $100,000 $150,000 $162,500


Finance: Other1 3.4 $117,000 $100,000 $150,000 $120,778

Venture Capital 2.4 $96,000 $60,000 $125,000 $93,357

Sales & Trading 0.7 -2 - - -

Private Client Services/Wealth Management 0.3 - - - -

Operations/Project Management 13.4 $120,000 $40,000 $157,200 $116,754

Marketing/Sales 10.3 $110,000 $50,000 $150,000 $110,033

Product Management/Development 10.3 $134,500 $85,000 $154,000 $130,074

Leadership Development Program/General Management 8.3 $120,000 $100,000 $175,000 $122,920

Business Development 6.5 $119,000 $70,000 $200,000 $121,000

Information Technology 0.7 - - - -

Other 1.0 $120,000 $110,000 $125,000 $118,333

2014 2015 2016

Consulting/Strategic Planning

Finance

Operations/Project Management

37.4

14.2 10.6

34.1

15.5 15.0


Finance



Finance


33.7

15.8 13.4


1Dash indicates fewer than three people or less than 1% reported salary information.

CLASS OF 2016

LOCATION % MEDIAN MEAN LOW HIGH

NORTH AMERICA 92.2 $125,000 $127,268 $70,000 $200,000

USA 90.2 $125,000 $127,926 $70,000 $200,000

Northeast 42.9 $125,000 $128,116 $70,000 $175,000

Metro Boston 23.1 $130,000 $129,671 $70,000 $170,000

Metro NYC 16.3 $125,000 $126,606 $70,000 $175,000

West 33.0 $125,000 $128,366 $72,000 $200,000

San Francisco Bay Area 17.3 $130,000 $131,398 $90,000 $170,000

Southwest 4.2 $135,728 $130,663 $102,000 $147,500

South 3.7 $120,000 $122,909 $100,000 $145,000

Midwest 3.4 $129,000 $128,459 $106,000 $147,000

Mid-Atlantic 2.7 $122,500 $122,500 $100,000 $150,000

US Territories .3 - - - -

Mexico 1.7 $100,000 $93,000 $80,000 $100,000

Canada .3 - - - -

REST OF THE WORLD 7.8 $100,500 $99,328 $40,000 $137,000

Asia 4.1 $108,250 $111,327 $95,424 $137,000

Latin America & the Caribbean 2.0 $105,000 $93,333 $50,000 $120,000

Europe including UK 1.4 $81,810 $87,155 $65,000 $120,000

London 0.3 -1 - - -

Africa 0.3 - - - -

UNDERGRADUATE MAJOR % MEDIAN LOW HIGH MEAN

Business 19.0 $125,000 $70,000 $165,000 $124,938

Engineering 31.0 $125,000 $40,000 $200,000 $124,675

Science & Mathematics 17.0 $125,000 $70,000 $150,000 $123,141

Social Sciences & Humanities 33.0 $125,000 $80,000 $175,000 $125,851

PROFESSIONAL EXPERIENCE % MEDIAN LOW HIGH MEAN

More than one year, up to 3 years 12.1 $138,500 $83,000 $150,000 $121,182

More than three years, up to 5 years 44.1 $122,000 $40,000 $200,000 $122,703

More than 5 years 43.8 $130,000 $70,000 $175,000 $127,511


1 Three graduates, representing 0.7% of graduates, reneged on an accepted offer.

1 66.1% of the students reporting usable salary data reported receiving a signing bonus. Percentages represent the number of students who received a signing bonus in the function. 2 Finance: Other includes Corporate Finance, Finance Operations, Treasury and M&A.

CLASS OF 2016

SIGNING BONUS BY FUNCTION1 % MEDIAN LOW HIGH MEAN






Marketing/Sales 53.3 $25,750 $10,000 $70,000 $27,281

Business Development 44.4 $25,000 $5,000 $60,000 $26,688

Finance: Other2 44.4 $47,500 $25,500 $70,000 $47,625


% Reporting MEDIAN LOW HIGH MEAN

OTHER GUARANTEED COMPENSATION

22.1 $19,500 $100 $89,380 $23,401

AT GRADUATION THREE MONTHS AFTER GRADUATION

MBA TIMING OF JOB OFFERS

88.7% 95.3%

MBA TIMING OF JOB ACCEPTANCES1

81.2% 92.5%

REASON FOR ACCEPTING POSITION %

Growth Potential 37.5

Job Function 14.8

People/Corporate Culture 13.4

Industry 11.7

Prestige of Firm 8.2

Job Content 5.3

Location 4.9

Compensation 2.1

Commitment to Sustainability 1.4

Other 0.7

SOURCE OF JOB OFFERS %

School-Facilitated Activities 75.2

Summer Internship 33.9

Interviews Scheduled Through On-Campus

Recruiting

28.5

Job Postings (MIT or Sloan) 4.9

Alumni 3.5

MIT/Sloan Sponsored Events 1.0

Faculty/CDO/Sloan Student Referral 2.4

Resume Databases, Resume Referrals 1.0

Student-Facilitated Activities 24.5

Personal Network 11.9

Contacted Directly 6.3

Previous Employer 3.5

Newspaper, Magazine, Internet Job Boards 2.8

Other 0.3


MBA CLASS OF 2017 INTERNSHIP EMPLOYMENT DATA

3 Summer employment statistics based on internship acceptances. 91.2% of reported

acceptances included usable salary information.


Amazon (19) McKinsey & Company (9)

Boston Consulting Group, The (16) Google (8)

Bain & Company (14) Deloitte Consulting (6)

Microsoft Corporation (10) Goldman Sachs Group (6)

Anheuser-Busch InBev (9)

EMPLOYMENT PROFILE2 NUMBER %

Seeking Employment 325 77.2

Not Seeking Employment 85 20.2

Leaders for Global Operations 46 10.9

Starting a Business 23 5.5

Sponsored & Returning to Company 12 2.9

Postponing Job Search 3 .7

Other Reason(s) for Not Seeking 1 .2

No Information Available 11 2.6

Total 421 100

EMPLOYMENT OVERVIEW3

Median Base Salary $8,000

Range of Base Salary $500-$13,900

CLASS PROFILE1

Number of Candidates 400

U.S. Citizens 62%

Non-U.S. Citizens 38%

Women 41%

Median GMAT Score 716

Median Undergraduate GPA (out of 4.0) 3.6

Average Age at Entry to MIT Sloan 28

Average Years Full-Time Work Experience

Prior to MIT Sloan

5

1 Class profile (as of matriculation) includes information for MBA students and students in the

joint MBA/Leaders for Global Operations program.

2 All information based on data reported by students.



1 Manufacturing: Other includes Automotive/Aerospace, Manufacturing, Telecommunications and Transportation/Equipment/Defense.

CLASS OF 2017

INDUSTRY % MEDIAN LOW HIGH MEAN

SERVICE INDUSTRIES 72.2 $8,000 $3,500 $13,900 $8,633

Software/Internet 22.5 $8,000 $4,000 $11,000 $7,685

Consulting 21.9 $12,000 $3,500 $13,900 $10,292

Investment Banking/Brokerage 8.1 $10,400 $4,500 $12,500 $10,097

Venture Capital 4.3 $6,000 $2,000 $10,000 $6,073


Private Equity 3.7 $7,000 $4,000 $10,800 $7,133

Retail 3.6 $7,000 $2,000 $8,000 $6,440

Diversified Financial Services 2.2 $7,475 $7,000 $13,000 $8,358

Media/Entertainment/Sports 1.9 $5,440 $4,000 $5,600 $4,896

MANUFACTURING INDUSTRIES 23.8 $7,200 $500 $12,500 $6,871

Pharmaceutical/Healthcare 7.4 $7,510 $2,000 $12,500 $7,651

Computers/Electronics 6.2 $8,000 $2,400 $9,600 $7,397

Consumer Products 4.9 $7,020 $1,900 $10,000 $6,215

Oil/Energy 3.1 $5,100 $500 $11,405 $5,263

Manufacturing: Other1 2.2 $6,800 $4,000 $9,100 $6,163

GOVERNMENT/NONPROFIT 2.8 $2,500 $2,000 $8,000 $3,700

OTHER 1.2 $3,250 $2,000 $10,400 $4,725

2015 2016

Technology2

Consulting

Investment Banking

Technology

Consulting

Investment Banking

29.0

21.9

2 Tech includes Software/Internet, Computers/Electronics, and Telecommunications.

8.1

33.2

19.0

6.9*

Technology

Consulting

Retail3

25.0

20.8

8.7

2014

3 The re-categorization of employers in 2014 is reflected in the shift in Retail and Technology percentages.

The next highest industry in 2014 was Investment Banking at 8.4%.

Pharmaceutical/Healthcare

* Investment Banking and Pharmaceutical/

Healthcare are tied at 6.9%.


CLASS OF 2017

1 Finance: Other includes Research, Sales & Trading, Corporate Finance, Private Client Services/Wealth Management and Treasury. 2 Other includes Human Resources and Information Technology.

FUNCTION % MEDIAN LOW HIGH MEAN


Finance 22.6 $8,500 $2,000 $13,000 $8,443


Finance: Other1 6.2 $7,377 $2,000 $10,800 $7,395


Venture Capital 4.6 $6,400 $2,000 $10,000 $6,369



Business Development 8.5 $7,250 $500 $11,405 $6,437

Marketing/Sales 8.5 $7,510 $1,900 $11,000 $7,301


Other2 3.6 $4,400 $2,000 $10,000 $5,365

2015 2016


Finance



Finance

Marketing/Sales

28.9

22.6

12.2

27.8

21.1

13.9


Finance

Marketing/Sales

32.5

21.1

10.9

2014


CLASS OF 2017

1Dash indicates fewer than three people or less than 1% reported salary information.

LOCATION % MEDIAN MEAN LOW HIGH

NORTH AMERICA 89.8 $8,000 $8,152 $1,900 $13,900

USA 89.1 $8,000 $8,149 $1,900 $13,900

Northeast 42.9 $8,000 $8,195 $1,900 $13,285

Metro Boston 22.7 $7,550 $8,051 $1,900 $13,285

Metro NYC 15.5 $9,300 $8,602 $2,000 $12,500

West 35.1 $8,000 $8,064 $2,400 $13,900

San Francisco Bay Area 19.6 $8,000 $8,057 $2,400 $13,500

Southwest 3.4 $8,666 $8,742 $3,300 $12,500

Midwest 3.4 $8,000 $8,954 $5,190 $12,250

Mid-Atlantic 3.1 $5,250 $6,173 $2,000 $10,380

South 1.2 $9,075 $9,288 $7,000 $12,000

Canada .3 -1 - - -

Mexico .3 - - - -

REST OF THE WORLD 10.2 $6,800 $7,326 $500 $13,000

Asia 5.6 $7,150 $7,727 $3,500 $13,000

Latin America & the Caribbean 3.1 $6,550 $6,616 $5,200 $8,725

Africa .6 - - - -

Middle East .6 - - - -

Europe .3 - - - -

UNDERGRADUATE MAJOR % MEDIAN LOW HIGH MEAN

Business 20.9 $8,000 $1,900 $13,285 $7,608

Engineering 33.4 $8,000 $2,000 $13,900 $8,209

Science & Mathematics 13.4 $8,000 $4,000 $12,500 $8,364

Social Sciences & Humanities 32.1 $8,000 $500 $13,500 $8,130

PROFESSIONAL EXPERIENCE % MEDIAN LOW HIGH MEAN

More than one year, up to 3 years 23.1 $8,100 $2,000 $12,000 $8,566

More than three years, up to 5 years 47.8 $8,000 $500 $13,900 $8,078

More than 5 years 28.6 $8,000 $2,000 $13,285 $7,997


Accuracy in Reporting Employment Statistics The MIT Sloan School of Management adheres to the MBA Career Services & Employer Alliance (MBA CSEA) Standards for Re-porting MBA Employment Statistics (mbacsea.org). Conformance to this business school industry standard ensures accurate and comparable employment data. Currently, the majority of the leading MBA programs adhere to these accepted reporting stand-ards. MIT Sloan takes a leadership role to promote the importance of accurate and comparable employment and salary statistics to prospective students and employers. Nondiscrimination Policy The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disa-bility, age, genetic information, veteran status, ancestry, or national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, and other Institute administered programs and activi-ties, but may favor US citizens or residents in admissions and financial aid.* The Vice President for Human Resources is designated as the Institute’s Equal Opportunity Officer and Title IX Coordinator. In-quiries concerning the Institute’s policies, compliance with applicable laws, statutes, and regulations (such as Title VI, Title IX, and Section 504), and complaints may be directed to the Vice President for Human Resources, Room E19-215, 617-253-6512, or to the Manager of Staff Diversity and Inclusion, Room E19-215, 617-452-4516. In the absence of the Vice President for Human Re-sources or the Manager of Staff Diversity and Inclusion, inquiries or complaints may be directed to the Executive Vice President, Room 4-204, 617-253-3928, or to the Director of Labor and Employee Relations, Room E19-235N, 617-253-4264, respectively. Inquiries about the laws and about compliance may also be directed to the Assistant Secretary for Civil Rights, US Department of Education. *The ROTC programs at MIT are operated under Department of Defense (DoD) policies and regulations, and do not comply fully with MIT’s policy of nondiscrimination with regard to gender identity. MIT continues to advocate for a change in DoD policies and regulations concerning gender identity, and will replace scholarships of students who lose ROTC financial aid because of these DoD policies and regulations.

CLASS OF 2017

REASON FOR ACCEPTING POSITION %

Job Function 25.7

Industry 21.7

Growth Potential 12.7

Job Content 12.0

Prestige of Firm 11.0

People/Corporate Culture 8.3

Location 4.7

Commitment to Sustainability 2.0

Other 1.2

Compensation 0.7

SOURCE OF JOB OFFERS %

School-Facilitated Activities 74.7

Interviews Scheduled Through On-Campus

Recruiting

44.9

Job Postings (MIT or Sloan) 14.8

MIT/Sloan Sponsored Events 6.6

Faculty/CDO/Sloan Student Referral 4.7

Alumni 3.0

Resume Databases, Resume Referrals 0.7

Student-Facilitated Activities 24.3

Personal Network 13.1

Contacted Directly 6.2

Newspaper, Magazine, Internet Job Boards 4.7

Previous Employer 0.3

Other 1.0

Documents

MBA Employment Report 2016-2017 - MIT Sloanmitsloan.mit.edu/uploadedFilesV9/Career_Development_Office/Media/... · MBA Employment Report 2016-2017. 2 ... AES Corporation, The